ID :
17984
Thu, 09/04/2008 - 12:50
Auther :

VINACHEM set to exploit kalium ore in Laos

Hanoi (VNA) - The Vietnam National Chemical Corporation (VINACHEM) said it will exploit kalium ore in Laos to make fertilisers for the two countries and export.

A VINACHEM subsidiary - the Vietnam-Laos Chemical and Rock Salt Co. Ltd. -
with a charter capital of 30 million USD will officially make its debut on
Sept. 5 to carry out the project in the Lao provinces of Khammouane and
Savanakhet.

VINACHEM General Director Do Duy Phi, who is also chairman of the newly
established company, said that the Lao government previously approved its
plan to explore an area of 196.5 sq.km for miniral ores following positive
results of the first phase performed on only 10 sq.km.

Vietnam now has to import all 600,000 tonnes of kalium ore per annum for
its domestic fertiliser and chemical production. The amount is estimated to
reach 1.1 million tonnes in 2015.-Enditem

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